Understanding the As If Currency Enabled Option

You might need to convert the amounts displayed in the Project Status Inquiry form to a currency other than the base currency for a company. You can specify whether to enable as if currency processing for these column types:

• Non-JA Budget Amount Ledgers

• Billing Amount

  Only certain billing amount options enable you to use as if currency processing. For example, you cannot enable as if currency processing for billing amounts for units.

• Formula

• Ledger Type

  Though you can select the As If Currency Enabled check box for any ledger type, the system does not apply as if currency processing to ledgers set up as unit ledgers.

The system displays amounts on the Project Status Inquiry form in the as if currency only when you complete this set up:

• You activate multicurrency processing by entering Y or Z in the Multi-Currency Conversion (Y, N, Z) field in the General Ledger constants for your JD Edwards EnterpriseOne system.

• You select the As If Currency Enabled option for the column.

• You specify a valid as if currency code in the As If Currency Code field on the Work with Project Status Inquiry form.

  Valid as if currencies are those that exist in the Currency Codes table (F0013). You can also specify this value in a processing option to provide a default value for the field on the Work with Project Status Inquiry form.

• You specify the currency exchange rate date in the Currency Code Exchange Rate Date field on the Work with Project Status Inquiry form if you want to use a date other than the current date.

  An exchange rate record for the base and as if currencies must exist in the Currency Exchange Rates table (F0015). You can also specify this value in a processing option to provide a default value for the field on the Work with Project Status Inquiry form.

When you process job and billing records and include columns for which as if currency processing is enabled, the system does not use soft rounding. Because the system does not use soft rounding, rounding variances might occur in the displayed amounts.

You might run the project financial management process for multiple companies that have different currencies. When you enable as if currency processing, the system displays the amounts for all companies in the as if currency. For example, suppose that you have a company with a base currency of USD (US dollars), one with a base currency of YEN (Japanese Yen), and one with a base currency of EUR (Euro) and you want to show all amounts in EUR. When you run the process, the system uses the exchange rate information from the F0015 table to convert the display of the USD and YEN amounts to EUR. Because the amounts for the third company is already in EUR, no currency calculations are performed for the amounts for that company.